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UK gilt prices fall after weak demand at auction


Reuters


LONDON, June 25 (Reuters) - British government bond prices fell on Tuesday after the weakest demand at a gilt auction since late 2018.

The Debt Management Office's sale of 2.25 billion pounds worth of 2049 gilts was covered 1.79 times by offers from investors, the lowest bid-to-cover ratio since November.

September gilt futures fell about 10 ticks after the auction.






This article appears in: Fundamental Analysis , World Markets , Economy , US Markets , Stocks , Bonds



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